Post by M&G

We are delighted to announce our ambition to supercharge the impact of institutional capital by investing over £1 billion over the next three to five years into the UK to support new affordable homes, regeneration projects, infrastructure and innovative companies. This adds to more than £100 billion that we already invest across the country and will enable large scale investment into bespoke projects to drive meaningful change and help savers see the real-world impact of their pension savings. Announced by our Group CEO Andrea Rossi and Chancellor Rt Hon Rachel Reeves, the two new funds will channel capital from our Life business’s £130 billion With Profits Fund, the British Business Bank and Local Government Pension Fund, Scottish Borders. Our forthcoming M&G UK Social Investment Fund will focus on delivering positive social outcomes through urban regeneration, affordable homes, clean energy and essential infrastructure that improves health and community wellbeing. It will be managed by our £78.5 billion private markets business, part of our Asset Manager, and is set to launch with a £130 million commitment from Scottish Borders and our With Profits Fund.  Alongside this, our M&G Catalyst Growth Equity Fund has secured commitments in excess of $850 million, including capital from M&G’s With Profits Fund and $100 million from the British Business Bank as it moves forward with growth ambitions. Catalyst invests in innovative private companies in the UK and internationally that deliver both financial returns and measurable social and environmental impact. You can find out more about our investment ambitions in the press release link in comments.